Sina Tech, 4/10/14

Sina Cangshi Investment Management (unofficial), a subsidiary of Chinese internet company Sina (Nasdaq: SINA), received a third-party fund sales license in March, allowing the company to sell investment products on Sina-related sites, according to the China Securities Regulatory Commission (CSRC).

Beijing Sina Payment Technology, operator of Sina's third-party payment platform WeiboPay, was previously authorized to provide payment services for online fund sales, making Sina the first online portal in China that has obtained both licenses.